Fraserburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,400 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Fraserburg, Ontario, the real estate market is experiencing steady growth. The median house price stands at $490,000, which represents a 3.2% increase year-over-year. This moderate appreciation rate suggests a healthy market that avoids the volatility seen in some larger cities. In contrast, the median apartment price has increased at a slightly lower rate of 2.5% year-over-year, reaching $295,000.
The current market conditions are marked by balanced demand that reflects the ongoing population growth of 2.67%. This growth indicates that Fraserburg is attracting new residents, likely due to its affordable housing options compared to larger metropolitan areas and its appealing local economy and lifestyle.
2. Investment Opportunities and Potential
With a growing population and stable price appreciation rates, Fraserburg presents an attractive landscape for real estate investors. The consistent rise in housing values suggests that investments in residential properties may yield solid returns over time. Single-family homes show slightly higher appreciation, which may appeal to investors looking for equity gains, while apartments offer an opportunity for those interested in rental income and a potentially lower entry point into the market.
Given that Fraserburg’s real estate market is not as heated as those in major urban centers, investors might also find less competition and more room for negotiation when purchasing properties. This factor could lead to better deals and a higher potential for long-term capital appreciation.
3. Future Market Outlook
The outlook for Fraserburg’s real estate market remains positive based on current indicators. The steady population growth suggests ongoing demand for housing, which should support property values. Additionally, if the local economy continues to provide job opportunities and attract new residents, the housing market is likely to maintain its upward trajectory.
However, it’s important for investors to monitor economic conditions closely, as changes in interest rates or employment levels can impact housing demand and prices. In summary, Fraserburg offers a promising environment for real estate investment with an expectation of continued growth and stability.
